VAGE.DE vs. CEBL.DE
VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) and CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) are both exchange-traded funds - VAGE.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while CEBL.DE is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia. Both are passively managed. Over the past 5 years, VAGE.DE returned -1.65%/yr vs 8.97%/yr for CEBL.DE. At a correlation of -0.02, they often move in opposite directions. VAGE.DE charges 0.10%/yr vs 0.20%/yr for CEBL.DE.
Performance
VAGE.DE vs. CEBL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGE.DE achieves a -0.58% return, which is significantly lower than CEBL.DE's 31.90% return.
VAGE.DE
- 1D
- 0.10%
- 1M
- 0.16%
- YTD
- -0.58%
- 6M
- -0.57%
- 1Y
- 1.21%
- 3Y*
- 2.06%
- 5Y*
- -1.65%
- 10Y*
- —
CEBL.DE
- 1D
- -1.89%
- 1M
- 7.90%
- YTD
- 31.90%
- 6M
- 34.52%
- 1Y
- 55.49%
- 3Y*
- 22.99%
- 5Y*
- 8.97%
- 10Y*
- 11.02%
VAGE.DE vs. CEBL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | -0.58% | 3.25% | 0.73% | 4.48% | -14.75% | -2.80% | 4.86% | 0.33% |
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 31.90% | 19.13% | 18.60% | 3.15% | -15.54% | 2.03% | 15.18% | 9.85% |
Correlation
The correlation between VAGE.DE and CEBL.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | -0.02 |
The correlation between VAGE.DE and CEBL.DE shifts across timeframes, from -0.02 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VAGE.DE vs. CEBL.DE — Risk / Return Rank
VAGE.DE
CEBL.DE
VAGE.DE vs. CEBL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) and iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VAGE.DE | CEBL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.50 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 4.83 | -4.45 |
| Martin ratioReturn relative to average drawdown | 1.08 | 17.67 | -16.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VAGE.DE | CEBL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 2.81 | -2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.48 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.43 | -0.62 |
Drawdowns
VAGE.DE vs. CEBL.DE - Drawdown Comparison
The maximum VAGE.DE drawdown since its inception was -19.43%, smaller than the maximum CEBL.DE drawdown of -35.09%. Use the drawdown chart below to compare losses from any high point for VAGE.DE and CEBL.DE.
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Drawdown Indicators
| VAGE.DE | CEBL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.43% | -35.09% | +15.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -11.43% | +8.29% |
Max Drawdown (3Y)Largest decline over 3 years | -4.34% | -20.53% | +16.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -29.00% | +10.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.12% | — |
Current DrawdownCurrent decline from peak | -10.62% | -2.85% | -7.77% |
Average DrawdownAverage peak-to-trough decline | -8.88% | -11.09% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 3.13% | -2.01% |
Volatility
VAGE.DE vs. CEBL.DE - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) is 1.42%, while iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) has a volatility of 8.24%. This indicates that VAGE.DE experiences smaller price fluctuations and is considered to be less risky than CEBL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGE.DE | CEBL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 8.24% | -6.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 16.36% | -13.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 19.68% | -16.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 18.48% | -13.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 18.94% | -14.45% |
VAGE.DE vs. CEBL.DE - Expense Ratio Comparison
VAGE.DE has a 0.10% expense ratio, which is lower than CEBL.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VAGE.DE vs. CEBL.DE - Dividend Comparison
VAGE.DE's dividend yield for the trailing twelve months is around 3.60%, while CEBL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | 3.60% | 3.51% | 3.13% | 2.39% | 1.47% | 0.87% | 1.20% | 0.60% |
Frequently Asked Questions
VAGE.DE and CEBL.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGE.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for CEBL.DE.
VAGE.DE is categorized as Global Bonds, while CEBL.DE is Asia Pacific Equities. VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while CEBL.DE tracks MSCI Emerging Markets Asia. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VAGE.DE and 0.20% for CEBL.DE.
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